SOLUTION: Jack loaned Bob $1,500 at an annual interest rate of 7%. After one year, how much will Bob owe Jack?

SOLUTION: Jack loaned Bob $1,500 at an annual interest rate of 7%. After one year, how much will Bob owe Jack?

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Question 456056: Jack loaned Bob $1,500 at an annual interest rate of 7%. After one year, how much will Bob owe Jack?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
1500*1.07=$1605
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